Startups My cofounder is going to run our business into the ground |
- My cofounder is going to run our business into the ground
- Coinbase and DropBox original HN pitch links
- Which of these entrepreneurs is more successful?
- Advertising that your startup got investment?
- What to do when people say that product that I made had been tried by big companies like jockey & they abandoned it because it didn't worked out for jockey.
- Anyone from Canada? How's venture culture in the Toronto-Ottawa-Montreal area? And how's compared to Vancouver?
- Investing In Early Stage Startups For Beginners: Sharing Almost Everything I Know About Angel Investing (VIDEO)
- Is a daily email news letter the best route to go for a news site ?
- Is PCI compliance mandatory?
- Looking for other crypto startups to ask industry related questions to
- Geo-Based pricing for your SaaS
- Question from a start-up newbie to Co-founders
- How are 30-day full-featured trials still successful
| My cofounder is going to run our business into the ground Posted: 18 Jun 2021 01:58 PM PDT I think his actions are going to cause the company to fail, everything he does is always half-assed and low quality, I repeteadly tell him not to edit anything in our source code and he always does, and I have to spend hours fixing it... I shit you not like 15 times I've told him not to mess with it, and he keeps doing it. He thinks he can code, but he can't, and given that we use AWS Lambda our billing is in CPU seconds so everything he touches always costs a lot of money, and always lacks basic security practices like form validation on our backend. He also keeps rewriting the content on our website and it always reads like some 7th grader wrote it. He is putting in the money, but I think he has cost us a lot more than what he has put into the business. We only employ 3 other people at the moment, but we're considering hiring another 2 people and, honestly, I'm afraid of hiring them because I don't know if they are going to be able to keep their jobs. I've spent so much time trying to deliver a high quality, reliable product to our clients, and he just doesn't get it. He believes people will just keep using our software regardless of how shitty it is. I can't make him understand that quality is important because we handle a lot of sensitive data, and I know there are a lot of vulnerabilites in our platform that are HIS fault as of this moment. The worst part is that sometimes he deploys his changes without even uploading them so I can have a look at them. I also believe he has high-functioning autism, hence the communication issues, but that's neither here nor there. We haven't launched our product, we're in a public beta with around 50 businesess as clients. I believe if he didn't fuck around with the code so much, we would've launched approximately 3 months ago. What do I do guys? Should I just bail? [link] [comments]  |
| Coinbase and DropBox original HN pitch links Posted: 18 Jun 2021 11:22 PM PDT It takes grit and resilience to face the skepticism. Came across these brilliant HN links, where CoinBase and DropBox founders are making a pitch for a co-founder and YC application respectively. Reading the complete thread is an amazing experience. [link] [comments]  |
| Which of these entrepreneurs is more successful? Posted: 18 Jun 2021 05:54 AM PDT Who do you think is more successful in business? Entrepreneur A: Starts out small with an idea but without much of a vision. No real expectations going in. Builds company and their vision for that company grows over time as the company grows Entrepreneur B: Pursues business idea with guns blazing with big expectations and a big vision from the start. Skips over small goals and focuses on big ones from the start. Anxious to make that vision a reality. Moves fast For me I've been both of these. My failure rate (in terms of businesses started) as Entrepreneur B has been quite high. To me it's more of a home run type mentality. The biggest business I ever built was when I was acting like Entrepreneur A. [link] [comments]  |
| Advertising that your startup got investment? Posted: 18 Jun 2021 05:36 PM PDT I've seen FaceBook ads where startups advertise they received funding. For example, ClickUp just fed me a FB ad that said something like "We just raised $100 million!". They aren't the only one I've seen doing this. What do you think about startups spending money on ads touting they raised money? One benefit is that customers may see the ad and think "OK, this is a stable company I can now feel confident will be around for a few years". At the same time, I'm thinking "Don't waste your money on ads, instead, spend it on making your products better." [link] [comments]  |
| Posted: 18 Jun 2021 09:48 PM PDT Basically, I made 2 products a t-shirt & some glove. I made t-shirt first & when I went for marketing it, people said that bigger companies have tried it years ago, it didn't work for them so it doesn't belong to market & so I did abandoned my tshirt project as well . But then I started gloves & people around me who knows industry very well are saying that jockey made it but it didn't worked out because no one use them. 2 questions: 1) Should I abandon my every project because people who know industry says that it didn't worked out? (Because time keeps changing, may at there time market wasn't ready) 2) How do I not produce abandoned ideas? How do I even align myself with current scenario & choose a product? Please nudge me in right direction. [link] [comments]  |
| Posted: 19 Jun 2021 01:10 AM PDT We are new startup based in Ottawa, Canada. Preparing for incubation next year. It would be great if someone can share how's venture culture in the area and Canada in general. Following is for those interested.Anyone interested in joining a mobile app startup from Ottawa? It's at pre-seed stage, in search for passionate founding members to join the team. Details about the company will be shared with those interested. It's a service to help local economy and community. Talents we are looking for are: - Ambitious and passionate on their profession - Good communication skill - People person, who enjoys meeting new people - Organized and punctual - Public relation and customer support professional - Have good enough understanding of local affairs and economy, market, etc. Ottawa, Toronto, Montreal area. - Who has wide range of local connections - Fullstack mobile app developer, both Android and iOS - Who has experience in Canadian venture incubator programs - Who'd like to volunteer to test and promote our service - Who'd like partnership or invest As we are at pre-seed stage, only compensation we can offer is equity as of now, but soon in few months we will be able to compensate for full-timers. Current goal is to be seed funded/incubated by early next year, and Ottawa will be the region we will be focusing on till then. We have advisors from well known companies, and CEO has been the main dev who has been working on this full time for past 3 years. Anyone interested, please leave a comment and we will discuss the details through DM. Thanks for your interest! [link] [comments]  |
| Posted: 19 Jun 2021 12:57 AM PDT For so long I just lurked here, now it's time to give back. I started creating content that is more fitting for r/startups and since it has 0 promotions, and 0 agenda beyond sharing knowledge, information, and experience I think you guys and gals will appreciate at least some of it no matter what stage you are in your startup journey. If you don't agree with something I urge you to kick off a debate in the comments section :) [link] [comments]  |
| Is a daily email news letter the best route to go for a news site ? Posted: 18 Jun 2021 11:29 PM PDT I'm in the process of building an easy to read business news site geared towards the younger audience. Helping them educate and learn about business, finances , startups etc. I am wondering if a daily email news letter is the best way to go to get users ? Or should the social media, website , or an app be the prime focus ? If you had to choose, how would you like your daily news delivered to you ? Especially if you were younger (I.e high school, college). Thank you. [link] [comments]  |
| Posted: 18 Jun 2021 01:27 PM PDT When for example you use Stripe without stripe elements, in the docs they warn you that it's not PCI compliant. I was thinking if it is required to have PCI DSS compliance (I'm building an MVP). > PCI compliance is not required by law but is considered mandatory through court precedent. Source. What does it mean? Edit: fixed formatting Edit 2: I wanted to make my own form elements, which then tokenize the data with Stripe library. Means that real credit card details are never sent anywhere, only tokens are sent to Stripe. [link] [comments]  |
| Looking for other crypto startups to ask industry related questions to Posted: 18 Jun 2021 12:22 PM PDT I'm in the process of having a DEX developed and have incurred more unexpected humps than I imagined legally, which we're currently resolving and ensuring we're in proper compliance, however I can't begin to imagine what technical challenges lie ahead, so I'm mainly looking to confirm the feasibility of everything we're hoping to achieve on our DEX with someone in the field. We have the CEO of another crypto startup backing us, but he's not a developer so I want to ensure that we're not selling him on anything unachievable or impractical from the tech side of things. Also would love any resources anyone has for realistic roadmaps for the development process or just a checklist if everything you need to make sure you do when launching a DAO. We're in the States so I know the regulations are currently murky. [link] [comments]  |
| Geo-Based pricing for your SaaS Posted: 18 Jun 2021 07:00 AM PDT I have recently launched a SaaS app and have struggled with finding the right price to charge the users. I know that people from the US and Europe can pay the prices I set but I feared that it was to expensive for the rest of the world and it was. So I looked into the ability to charge different prices based on users country and could not find a product like that other then for woocommerce. And as my website is built from the ground up that is not an option. My questions is whether you guys already do this? Do you know a web app that does it? And would you use something like this for your SaaS? [link] [comments]  |
| Question from a start-up newbie to Co-founders Posted: 18 Jun 2021 06:47 AM PDT Hi everyone, I'm probably about to get my start-up rolling but had a few questions that I was hoping some other people could answer. For context, I'm an American that graduated from with a masters degree from one of Europe's top business schools in 2020. I've been working in Europe for the past year, but have a really good idea that I want to pursue. My co-founder is a college friend of mine who has about 2 years of experience working in a real-estate start-up. Currently we are almost finished an early stage prototype. We've done some consumer research and we have spoken a team of overseas developers to get our MVP in place. When to Quit My Job I work in consulting and there's no way I can manage the start-up and my job at the same time. I'm thinking to move to full-time with the start-up once I know the product is getting developed. I think this makes sense, but wanted to hear how other founders managed this situation. Supplemental Income while in early stages? Resources are a bit tighter as expected. However we think that bootstrapping with our own money is likely the best way to get the MVP rolling and after we can look toward getting some Angel/seed level funding. My bigger questions is what did some of you do to get food on the table during the early stages where there's little to income from the business. Most of my savings will be used to develop the MVP, and the rest will go towards rent, but it won't be enough. In the past I've worked as an Uber driver and delivery man, and I'm okay to go back to that part-time as a way to maybe try and make ends meet. I could also potentially freelance but I worry that will take too much of the time I need to dedicate to the company. What have some of your done in the early stages to make ends meet? Resources to connect with Angel networks or other start-up leaders I'm moving back for the US to do this. My co-founder is in a city that has virtually no start-up activity at all. So we are both deciding to move somewhere we can have better access to other start-ups and Angel networks. I have a decent network in Europe from business school, but our product needs to be based in the US. We're thinking about moving to a place which has a better concentration of start-ups and also where it may be easier to make some supplemental income. What are your thoughts on this? Additionally, when it came time for funding what resources did you use? Any suggestions on the best ways to start talking or engaging angel/seed-investors? If anyone can provide their personal insights into these questions. I'd really appreciate it! Thank you all so much! Also feel free to PM if you want to share any other advice. [link] [comments]  |
| How are 30-day full-featured trials still successful Posted: 18 Jun 2021 08:54 AM PDT A lot of SaaS companies have an option of a 30-day trial with all features inclusive. For someone unethical (or broke), they only need to create multiple fake emails to enjoy a lifelong subscription. Is this a conscious decision by the companies to lure subscribers initially? or the companies make enough money with the paid subscriptions that they don't care for this? As a developer in a start-up myself, I would like to know how the management makes these decisions. Thanks. [link] [comments]  |
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